Members and tasks of the Board of Supervisory Directors

The Board of Supervisory Directors supervises the conduct of KfW’s business and the administration of its assets.The Board of Supervisory Directors supervises the conduct of KfW’s business and the administration of its assets. It approves, among other things, the annual financial statements. The Board of Supervisory Directors consists of 37 members. In the year under review, the Chair was held by the Federal Minister of Finance, and the Deputy Chair by the Federal Minister for Economic Affairs and Energy.

Peter Altmaier Anton F Börner Federal Minister President of the Federation of German Federal Minister of Foreign Affairs for Economic Affairs and Energy Wholesale, Foreign Trade and Services(BGA) (from 27 January 2017-14 March 2018) Chair Representative of trade (since 14 March 2018) (until 26 September 2017) Christian Görke Deputy Minister President Volker Bouffier Minister of Finance Federal Minister Minister President of the State of of the State of Brandenburg for Economic Affairs and Energy Member appointed by the German Bundesrat Member appointed by the German Bundesrat Deputy Chair (27 January–31 December 2017) Dr Uwe Brandl Dr Louis Hagen Chair President of the Bayerischer Gemeindetag Chief Executive Officer (1 January 2018–14 March 2018) Representative of municipalities of Münchener Hypothekenbank eG Representative of the mortgage banks Sigmar Gabriel Hans-Dieter Brenner Federal Minister for Economic Affairs Former Chief Executive Officer of Dr Matthias Haß and Energy Landesbank Hessen-Thüringen Saxon State Minister of Finance Deputy Chair Representative of industrial credit Member appointed by the German Bundesrat (until 27 January 2017) (until 31 December 2017) (since 2 March 2018)

Olaf Scholz Frank Bsirske Federal Minister of Finance Deputy Chair Chairman of ver.di Member of the German (since 14 March 2018) United Services Trade Union Member appointed by the German Bundestag Representative of the trade unions (since 14 March 2018) Federal Minister of Finance Monika Heinold Chair Federal Minister of Transport Minister of Finance (24 October 2017–31 December 2017) and Digital Infrastructure of the State of Schleswig-Holstein Deputy Chair (until 24 October 2017) Member appointed by the German Bundesrat (1 January 2018–14 March 2018) Dr Barbara Hendricks Dr Wolfgang Schäuble President of the German Savings Banks Federal Minister for the Environment, Nature Federal Minister of Finance Association (DSGV) Conservation, Building and Nuclear Safety Chair Representative of the savings banks (until 14 March 2018) (1 January 2017–24 October 2017) (until 31 December 2017) Reinhold Hilbers Kerstin Andrae Robert Feiger Minister of Finance Member of the German Bundestag Chairman of the Federal Executive of the State of Member appointed by the German Bundestag Committee of the IG Bauen-Agrar-Umwelt Member appointed by the German Bundesrat (until 31 December 2017) trade union (IG Bau) (since 2 February 2018) Representative of the trade unions Dr Holger Bingmann Reiner Hoffmann President of the Federation of German Klaus-Peter Flosbach Chairman of the Confederation of German Wholesale, Foreign Trade and Services(BGA) Former member of the German Bundestag Trade Unions (DGB) Representative of trade Member appointed by the German Bundestag Representative of the trade unions (since 13 December 2017)

20 | KfW Financial Report 2017 Members and tasks of the Board of Supervisory Directors Gerhard Hofmann Member of the Board of Managing Federal Foreign Minister Member of the German Bundestag Directors of the National Association (since 14 March 2018) Member appointed by the German Bundestag of German Cooperative Banks (BVR) Representative of the cooperative banks Dr Gerd Müller Peter-Jürgen Schneider Federal Minister for Economic Cooperation Minister of Finance Dr and Development of the State of Lower Saxony Member of the German Bundestag Member appointed by the German Bundesrat Member appointed by the German Bundestag Dr Hans-Walter Peters (until 20 November 2017) (since 1 March 2018) President of the Association of German Banks (BdB) Andreas Ibel Representative of the commercial banks Federal Ministry for the Environment, President of the Federal association (since 1 January 2018) Nature Conservation and Nuclear Safety of independent housing and (since 14 March 2018) real estate companies (BFW) Representative of the housing industry Member of the German Bundestag Holger Schwannecke Member appointed by the German Bundestag Secretary General of the German Bartholomäus Kalb Confederation of Skilled Crafts (ZDH) Former member of the German Bundestag Dr Johannes-Jörg Riegler Representative of skilled crafts Member appointed by the German Bundestag President of the Association of German Public Banks (VÖB) Edith Sitzmann Dr Markus Kerber Representative of industrial credit Minister of Finance of the State Director General (since 1 January 2018) of Baden-Württemberg of the Federation of German Industries (BDI) Member appointed by the German Bundesrat Representative of industry Joachim Rukwied (until 31 March 2017) President of the German Dr Frank-Walter Steinmeier Farmers’ Association (DBV) Federal Minister of Foreign Affairs Julia Klöckner Representative of agriculture (until 27 January 2017) Federal Minister of Food and Agriculture (since 14 March 2018) Dr Federal Minister Member of the German Bundestag Stefan Körzell of Transport and Digital Infrastructure Member appointed by the German Bundestag Member of the Executive Board of the (since 14 March 2018) German Trade Union Confederation (DGB) Prof. Dr Georg Unland Representative of the trade unions Helmut Schleweis Saxon State Minister of Finance President of the German Savings Banks Member appointed by the German Bundesrat Dr Joachim Lang Association (DSGV) (until 28 December 2017) Director General of the Federation Representative of the savings banks of German Industries (BDI) (since 1 January 2018) Dr Norbert Walter-Borjans Representative of industry Minister of Finance of the State of (since 1 April 2017) Christian Schmidt North Rhine-Westphalia Federal Minister of Food and Agriculture Member appointed by the German Bundesrat Lutz Lienenkämper (until 14 March 2018) (until 8 July 2017) Minister of Finance of the State of North Rhine-Westphalia Christian Schmidt Dr Martin Wansleben Member appointed by the German Bundesrat Federal Minister of Transport and Digital Chief Executive of the Association (since 22 September 2017) Infrastructure of German Chambers of Commerce (24 October–14 March 2018) and Industry (DIHK) Dr Gesine Lötzsch Representative of industry Member of the German Bundestag Andreas Schmitz Member appointed by the German Bundestag Chairman of the Management Board (until 31 December 2017) of HSBC Trinkaus & Burkhardt AG Representative of the commercial banks (until 31 December 2017)

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